Category Insurance

Chubb Reports Second Quarter Net Income Per Share of $4.32, Up 54.3%, and Record Core Operating Income Per Share of $4.92, Up 16.6%; Consolidated Net Premiums Written of $11.95 Billion, Up 16.1%, or 16.8% in Constant Dollars, with P&C Up 10.4% and Combined Ratio of 85.4%; Year-to-Date Net Income Per Share of $8.84, Up 20.3%, and Record Core Operating Income Per Share of $9.32, Up 15.8%

 Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2023 of $1.79 billion, or $4.32 per share, and core operating income of $2.04 billion, or $4.92 per share. Book value per share and tangible book value per share increased 0.6% and 0.2%, respectively,…

Read MoreChubb Reports Second Quarter Net Income Per Share of $4.32, Up 54.3%, and Record Core Operating Income Per Share of $4.92, Up 16.6%; Consolidated Net Premiums Written of $11.95 Billion, Up 16.1%, or 16.8% in Constant Dollars, with P&C Up 10.4% and Combined Ratio of 85.4%; Year-to-Date Net Income Per Share of $8.84, Up 20.3%, and Record Core Operating Income Per Share of $9.32, Up 15.8%

UnitedHealthcare Donates $11 Million to Community Organizations Through Its Empowering Health Program

UnitedHealthcare is donating more than $11.1 million in grants through its Empowering Health program across 12 states. The grants will assist people experiencing challenges such as food access and nutrition, social isolation, and behavioral health issues, and support local health…

Read MoreUnitedHealthcare Donates $11 Million to Community Organizations Through Its Empowering Health Program

Allianz to serve global commercial insurance segment as one go-to-market business

Allianz Global Corporate & Specialty has joined forces with the commercial insurance businesses of local Allianz entities, trading under the name “Allianz Commercial” as of today New regional set-up confirmed with 11 regions, each represented by one Commercial Managing Director  Allianz Integrated…

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Optum Rx scholarship fund helps support underrepresented pharmacy students at Florida A&M University

Representation of minorities among pharmacy professions is lacking, with access to funding for graduate pharmacy programs among the top barriers contributing to low numbers of underrepresented students enrolled in pharmacy schools. Optum Rx, in partnership with Florida Agricultural and Mechanical…

Read MoreOptum Rx scholarship fund helps support underrepresented pharmacy students at Florida A&M University

Ping An Co-CEO Jessica Tan Appointed as Sole Representative from Chinese Company in World Bank’s Private Sector Investment Lab Founding Members

The World Bank announced the 15 founding members of the Private Sector Investment Lab. Leveraging on her professional expertise, leadership and successful experiences in business, technology and finance; Jessica Tan, Co-CEO of Ping An Insurance (Group) Company of China, Ltd.…

Read MorePing An Co-CEO Jessica Tan Appointed as Sole Representative from Chinese Company in World Bank’s Private Sector Investment Lab Founding Members

Cigna Healthcare Adds New Biosimilars to Formularies to Expand Access, Advance Affordability

Cigna Pharmacy Management, which supports Cigna Healthcare’s plans with integrated medical and pharmacy benefits, is adding four biosimilars to HUMIRA as preferred products on its formularies. Cigna Healthcare has long advocated for the approval and adoption of biosimilars. The addition…

Read MoreCigna Healthcare Adds New Biosimilars to Formularies to Expand Access, Advance Affordability